The basic money supply or M1 includes
A. Currency in circulation, transactions accounts, traveler's checks, and money market mutual funds.
B. Currency in circulation, savings accounts, and credit card balances.
C. Currency in circulation, transactions accounts, and traveler's checks.
D. Currency in circulation, transactions accounts, and savings accounts.
Answer: C
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The average total cost of production is measured by
a. average variable cost + average fixed cost b. fixed cost + variable cost c. average variable cost – average fixed cost d. marginal cost + variable cost e. fixed cost + marginal cost
________ provides health benefits to people with low incomes, and ________ provides health benefits to most people over the age of 65.
A. Medicaid; the Temporary Assistance to Needy Families (TANF) program B. Medicare; the Temporary Assistance to Needy Families (TANF) program C. Medicare; Medicaid D. Medicaid; Medicare